Newspapers / The Franklin Times (Louisburg, … / June 17, 1932, edition 1 / Page 2
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FORD TRUCK WEEK Get the facts about new transportation economy This is an opportunity to see "how the transportation needs of a new business era hare been met with new economy, performance, and reli ability in the new Ford trucks. Your Ford dealer is ready to giro you the complete story. * * * Body types to fit every hauling need. 50-horsepower 4-cylinder mgtn*. New freely shackled semi-elliptic rear springs distribute load stresses. Wide, deep, strong frame gives substantial support for bodies. '4 floating type rear axle for heavy service. 4-speed transmission. Tubular steel coupling -shaft with heavy duty universala at each end. New bi-partible coupling and removable main cross member permit easy servicing of dutch, transmission, and coupling shaft. New comfort and safety for the driver. These features and many others will convince you that the New Ford Trucks can save you money and give you added performance. Hodges-Green Motor Co. Louisburg, N. Carolina FORD TRUCK WEEK JUNE 18 to 25 INCLUSIVE Mother of 7 ? Still Young HpHE woman who gives Bier i organs the rifbl stimulant jatod not wony about growing old. doesn't stagnate; her lace doesn't age. She has the health and "pep" that come from a lively ?w and strong, active bowels. Wka you're duggish and the [??Inn needs help, don't take a lot in "patent medicines." There's a lj?ilin doctor's prescription for Onst such cases, ana every druggist deep* this standard preparation. It ws Bade from fresh laxative herbs, ' active senna, and pore pepsin. Just issk isr Dr. Caldwell's syrup pepsin. 'Take a Bttls every day or so, until ? in your body feels the r nent. next time yoo have a bilious headache, er fael all bound-up, take !&? delicious syrup instead of ths usual cathartic. You'd be rid of all that poisoiions watte, and yon haven t weakened the bewels-Youll hare a better appetite, and feel better in every way. The constant use of cathartics is often the cause at a sallow complexion and lines in tha face. And so unnecessary! Would you like to bleak yourself of the cataartic habit? At the same time building health aad vigor that protects yop from frequent sick spells, headaches, and colds? Get a % bottle of Dr. Caldwell's syrup pepsin today. Use often enough to moid those attacks of constipation. When you feel weak and run-down or a coated tongue or bod breath warns you tha bowels need to be< stimulated. Give ?, it to children! instead of strftu laxatives that sap their strength. It isn't iihimJm. SPECIALS , IN SHOE REPAIRS While stores are boosting big clearance sales we call attention to the Specials in Shoe Repair Work we are offering. Besides low prices we glre yon expert service and that wheal yam want it, the best at materials, the nse of the latest machines Yo? doing shoe work, on the market, and our good wishes. A big lot for a little money. Let as have year work. GAHTT'S SHOE SHOP arson loubbobo, *. a \ D D Signs That The Upturn Has Begun ! By CALEB JOHNSON Up to a very few years ago Block, i Exchange prices interested only a i comparatively small number of peo ple. Until the war we had t? pnmtge class of investors in American When I the wa t came along and the Liberty i Bond Campaigns began, millions ?f I people for the first time paid out money in exchange for pieces of pa.- | per ? for securities. After the war they fonnd they could sell those ae- i curities for something more than i they had paid for them. They hadn't I expected to make a profit when they l bought them, but they did make a I profit, or at least got their money i H>ack. It was easy, then, for bond I salesmen and stock jobbers to per- | suade the same people to buy other i securities, and for a While the se curity markets kept going up, so i that speculators could sell at a pro- I fit. Within a very short time we i had become almost an entire nation 1 of stock market speculators. t And then the bottom dropped out. i It dropped out because stock ' prices had gone up to figures which j had no relation whatever to the val- i ue and earnings of the companies in I which they represented shares. The ' minute international disturbance* I unsettled International trade and 1 the market for commodities sudden ly got narrower, resulting in thfe I slackening in business and Industry, i shares should. In theory, have drop- I ped to their actual value*. ' Instead of that, they dropped away i down below their actual values, and 1 because it necessarily takes a long 1 time to bring about economic re- : adjustments, and our country alonft could not cure the situation, becauM so much of it hinged upon the eco nomic condition of Europe people ' who had tied up their money in .stocks and wanted to get it out be gan throwing them on the market at whatever price they could *?f, and that sent the market down stilt lower. And as In the way of human na ture, people who have thus suddenly found themselves In a difficult situ ation have been looking in every direction for a miracle to happea that would put them back to wher* they Were without any effort on their own part. "The government ought to do something about it." Well, the gov ernment has been trying to do some thing about it and a very large part of the activities in Washington add | in the capitals of Europe and in the | headquarters of the League of Na tions for the past two years has beqn the effort to do something about it. But as each step In these govern mental and international attempts to restore the economic balance has failed to work a miracle over night, the attitude of the stoct market has become one of distrust of every gov ernmental effort and activity. It must always be remembered that the people who went into the stock market to make money went 1n with thrf idea that they could get rich without working. A very fewl do succeed in doing that, but the 1 great majority of people who play I the market always lose in the long run. If, when the market crashed,' everybody who owned stocks had For lazy liver, stomach and kidneys, biliousness, indi gestion, constipation, head ache, colds and ferer. 10/ and 35# at dealer*. just taken his medicine and said ?'well, that's that," and forgotten about It, and kept right on working at his regular business or his job, we wouldn't have any such difficul ties as we have been going through. I But that, again, is not in accordance) with human nature. What the people who set out to make money without working want Is something that will restore the fictitious profits which they think they made, or should have made, In that effort. Such a restoration of security prices probably never will come about. It is extremely doubt ful whether the present generation will ever see the list of Stock Ex change securities selling at such high prices as they were selling in the Spring of 1929. . But down In Wall Street they are still looking for miracles to happen, and the oth er day stock and bond prices began to go up. What started them up was the I announcement that a syndicate of | bankers, headed by Thomas W. Lamont of J. P. Morgan and Com- 1 pany, had raised a fund of $100,-1 000,000 in cash with which to b.uy| good securities, bonds and stocks, aot for the purpose of speculation, | but because they are good invest ments at the present prices. That was something that Wall Street can understand. It was their >wn people, spending their own money, who were talking. This was sot some governmental scheme pro moted by politicians at Washington, but it was the decision of hard beaded bankers that the time was ripe for them to buy. The mere announcement of this I program has had a most tremendous I sffect upon the psychology of the in resting and speculative public. Sol far as New York and the stock mar- 1 ket people are concerned, it meant I the definite beginning of the upturn. I tt reassured the people who had I t>een hesitating about buying for Tear that prices might go lower, and It encouraged the people who owned I depreciated securities to hold on to them in the belief that their prices will go higher. It was a remarkable example ofl the psychological effect of a gesture 3n the part of people In whom the Investing public has full confidence. I am writing this because, in thel past few days, I have become con- 1 rinced that we have not only reachr sd the bottom of the depression, but I ire beginning to come up, but there s no use in expressing an opinion of that kind without some facts to back I It up. Too many people have been laying for r long time that the up turn was Just around the corner It la nearer than that now. It Is right here. The Immediate effect of even a slight rise in ther stock market, if I the higher prices are maintained Is, I among other things, to stabilise the ralue of stock market securities as l basis for bank loans. This In turn ihould enable a great many persons who could use money for productive purposes but have been unable to I set it, to obtain loans and so start I bank credit into circulation again, rhe banks have plenty of money but they have not had enough demand I tor properly secured loans. A great deal of the recent heslta- 1 tion on the part of business and in dustry about going ahead has been the doubts naturally raised by the political hullaballoo in Washington, u to what form of taxation would be adopted In the new revenue bill. I That Is all settled, was the govern- 1 ment going to economise That has been settled We have balanced our I budget and the government's credit is not going to be unduly strained. There was a tot of undercover talk f?r * *WJe about the possibility of 8Ut#* ,oln? ofr the gold f basis. There never was anything *5ft? but the Imagination of a terrified few, but it had Its effect ,ln keeping men of big means on the anxlons seat, so that they were ac tually afraid to risk their money. That is all over. It Is perfectly clear I that we are not going off the gold I standard. -(IT'hl8 *? Lwo more th,n*? wh|ch will have to be over and done with before the business and industry of the nation will get back into full I ?wing. One is the political nomi nating conventions, and after those Art over I look for another sharp h?? ??rhW0t TeT Prolonged n market. The next Pre?l<lential election, and, " ?*?? " wl" ^ rW h .*l ,eMt deflned the country s policy for the next four certain? v m *uUOth?r element of un certainty will have been removed. .] the *0Ternment ?' **e"cle?. the Reconstruction Fl "n"'.^rpo?t,0?. which have been Tli the,Job 01 loosening PTMiion In that It hat been iQi>?ai* I .iUteofmlnd. iCell" I lot of ?employment, but almost! - SATURDAY SPECIALS ? ICE PACKED FISH . 5c Pound 2 Qt. FRUIT QCmI JARS, Doien wOC SPECIAL SOUTH ERN CAKE 22c 3 Pkgs. QUAKER 4 g> GRITS for I 9C BEST CREAM 4 m CHEESE, lb I OC li OZ. PEKOE TEA 5c QUAKER CRACKELS, Pkg. . . 10c S Cam TOMATO SOUP for S Cans SUGAR CORN for 22c 25c FRUIT JARS JAR CAPS JAR RURBERS OERTO WESTERN ROUND STEAK, lb CUC CHOICE PORK ROAST, lb 12*c CABBAGE HEED COLLAR!) SEED SNAP SEED MILliET SEED Reliable Pork Chops, lb 13c Our Fresh Ground Coffee THERE'S ALWAYS REGRET WHEN NOT HAVING THE BEST L P. HICKS UNDER UNION WAREHOUSE nothing approaching actual starva tion. A great many people have stopped buying luxuries, and have taken reductions In salaries and wages, but on the other hand there has been a general decline in rents and in almost all commodity prices, so that by comparison with three years ago the living scale of the ma jority of the people has not been greatly affected. And I believe that I am perfectly safe In saying that as I write this, early In June, 1932, the worst Is over and we can look for fair weath er ahead In business and finance. Wilson Connty farmers are buying pure bred Guernsey cattle. J. C. Eagles recently purchased five Guern sey heifers and F. J. Wlnstead and J. D. Aycock bought two Guernsey bulls Because of a scarcity of plants, the tobacco acreagc of Harnett County *111 be decreased by 40 per cent and the cotton acreage will be increased over last year, says the farm agent. PHONE NO. 28S FOR FIRST CLASS JOB PRINTING SIDE DRESS TOBACCO for better color and better quality THERE it hope for a better tobacco price this year ? if you can make a top quality crop. Nothing you can do for the growing crop is more important than a tide dressing with Chilean Nitrate of Soda? say 50 to 100 lbs. per acre as soon as the plants take root. It strengthens the young plants to resist insect damage and diseases, pushes them along just when they need help. Brings them through with better color and It better leaf. There is no way a little money could do mare good. But be sure you get Chilean Nitrate, the natural kind. Tell your dealer you want Chilean. He has It, or can get it for you quickly. 1M U. MM and ; 100 U, MM CQILEANNITB'ATB IDUCATIONAl KURIAU, INC. North Carollim
The Franklin Times (Louisburg, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
June 17, 1932, edition 1
2
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